Okta Stock Jumps After Hours on S&P 500 Inclusion News
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TLDR Okta (OKTA) will join the S&P 500 before trading opens Wednesday, Nov. 4, replacing Kenvue (KVUE). OKTA stock fell 6% in the regular session Friday, then rose about 2% after hours on the news. Kimberly-Clark (KMB) is acquiring Kenvue, which opened the spot in the index. Glaukos (GKOS) moves up to the S&P MidCap 400 to take Okta’s place. S&P estimates about $16 trillion was invested in funds tracking the index in 2025. Okta (OKTA) stock rose 2.1% in extended trading on Friday after S&P Dow Jones Indices said the company will join the S&P 500. The move came after a rough regular session. Okta fell 6.14% as tech stocks sold off. Okta, Inc., OKTA The S&P 500 itself closed down 1.82% at 7,580.07.
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